Model While the Aave Protocol includes other tokens, they are not part of its tokenomics. GHO, the native stablecoin, is a product governed by AAVE holders, but it does not capture value, grant governance rights, or secure the protocol. Likewise, aTokens and stkAAVE are functional components, not economic drivers. The protocol’s economic structure operates independently of them.
With a fixed supply and no mechanisms to increase or reduce it, the token is neither inflationary nor deflationary.
Core tokenomics
Model While the Aave Protocol includes other tokens, they are not part of its tokenomics. GHO, the native stablecoin, is a product governed by AAVE holders, but it does not capture value, grant governance rights, or secure the protocol. Likewise, aTokens and stkAAVE are functional components, not economic drivers. The protocol’s economic structure operates independently of them.
